Let’s address the elephant in the room with $NET I’ve seen a lot of hate towards this token recently, yes it’s normal, it went from an ATH of $1,887 to $158. (90% down in less than two months lol) But maybe this actually has an explanation At its peak, people were paying 15x the underlying value of the assets backing each token. Today it looks different $NET price: $158.79 NAV per token: $162.92 Treasury: $24.94M Total supply: 153,092 NET Staked supply: 87.7% Price/NAV: 0.97x For the first time, $NET is trading below its NAV. And that’s a completely different situation from buying it at $900 when the NAV was $130. The treasury didn’t disappear. In fact, it grew from around $9M in early September to $25M today. What disappeared was the premium people were willing to pay. Now here’s the part I don’t like. Staking rewards are currently 0% because the protocol stops issuing new tokens when the price falls to NAV or below. That’s good for stopping dilution, but it also removes one of the main incentives people had to hold $NET Trading volume has also collapsed from $15M a day at its peak to $500K or less. And with 5% trading fees on certain pools, liquidity is a real problem. So no, having $25M in treasury doesn’t automatically mean the token is going to recover. (It looks really bad tho) There’s also the question of whether the protocol can generate enough external revenue to grow its NAV without relying on new bonds and token issuance. I still think the idea behind $NET is interesting, especially if Robinhood Chain becomes a serious ecosystem for tokenized equities. But I also understand why people who bought at 5-15x NAV are pissed. They were buying a premium that eventually disappeared. The difference now is that you’re no longer paying $900 for $130 of backing. You’re paying around $159 for $163 of reported NAV. But hey calling it a zero just because the chart looks terrible ignores what the protocol actually holds. We will see.

Shareholders, For the last few weeks we have been building Net Forge, and this week it went from a private project to something any developer, or any AI agent, can pick up and use. Here is what that means and why we think it matters. More and more games start as a sentence typed to an AI coding agent. "Make me a co-op survivors game." "Add multiplayer to my three.js scene." The agent picks the tools, writes the code and runs it. So the engine an agent reaches for decides what a lot of people end up building with. Most game engines were made for people clicking around an editor. Agents can't do that. They work best with code they can read, a typed API they can't misuse, and a way to test what they wrote without a human playing it. Multiplayer makes this harder still, because the server and the browser have to agree on every frame. Net Forge is built for that from the ground up: - One game simulation runs the same in the browser and on the server, so multiplayer works from the first line - A three.js renderer on WebGPU, with a WebGL2 fallback - Each game's rules live in one typed file an agent can read and safely change - Playtest bots play the game for you, so an agent can check its own work - 530 CC0 models and sounds across six art styles, so nothing ships as grey boxes - Ten complete templates to start from: survivors-like co-op, arena shooter, tower defense, dungeon crawler, idle, platformer, card battler, monster collector, kart racer and party game What shipped publicly: - 19 open-source packages on npm published straight from a public repo with npm provenance - npm create netforge@latest, which turns any template into a running game in about a minute - An MCP server and a CLI setup command, so Claude, Cursor and other coding agents can drive the engine directly - Full docs at forge.netnet.capital, written so both people and AI models can read them, with guides for the questions developers actually ask - A GitHub template repo for every game, so you can start one with a single click - Playable demos of the templates on itch.io Everything public runs with play money. No wallet, no chain, no sign-up. Why this matters for NetNet: the next step is the Kit, which connects a game to its own token, an in-game store and player rewards. When it goes live, anyone who builds on Net Forge will be able to launch a game with an economy attached in one flow. Each game token will trade against wsNET, so every game that launches adds a new market built on NetNet. The open engine comes first. The more developers and agents building on it, the more games there are to launch when the Kit arrives. If you build something, show us. Issues and pull requests are open.

People should be thankful to be in $NET, it’s like a stable coin, it was designed to be like this, when it goes under NAV. $Stonkbrokers -14.26%, $Cashcat -10.55%, $Boner -20.3%, $Hookr -20.55%, $Pons -9.58%, $AI -29.8%. All in the last 24 hours. When market will pump again, and be sure it will, $NET will pump the hardest from all the tokens of RH chain.

Shareholders, Phase 1 of the Net Forge public release is now live. The complete game engine is open source and live on npm. 16 packages published straight from a public repo with npm provenance. npmjs.com/org/netforge What is in it: - the game engine (three.js, WebGPU with a WebGL2 fallback) - the shared simulation that runs the same in the browser and on the server - an asset library of 530 CC0 models and sounds across six art styles - a runtime for card, idle, tower and collector games It also ships the 10 templates every Net Forge game starts from: survivor co-op, arena shooter, tower defense, dungeon crawl, idle, platformer, card battler, monster collector, kart racer and party game. Each one is a complete game you can read, change and run. Developers can start today. Clone the repo, build it, and any template plays on your own machine with a local game server and play money. Fork a template, change the rules, swap the art style, and see it running in a few minutes. What comes next: the Kit, which connects a game to its token, store and rewards, goes out once the game contracts are live. Until then everything here runs with play money, while we fine tune the studio for the public launch. If you build something on it, show us. Issues and pull requests are open on the repo. More Soon.

literally only play on RobinHood that's REALLY worth your attention and the ticker is robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf and I think next RH szn will generate crazy profits here there is no other coin in the market that has: - a $25.9M treasury behind it - price sitting basically ON that treasury - a protocol bid buying and burning under it - non stop shipping team - 89% of supply staked robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf IS TRADING AT ITS OWN BACKING. READ THAT AGAIN > ~$163 of onchain reserves behind every single NET > price sits within a couple percent of it > a standing buyback bid under it at backing minus 1.5%, burning everything it buys At the ATH the treasury was under $2M. Today it's $25.9M everyone will buy at the price they deserve CA: 0xCA9c78Dd337A67F6e0077F65F5E9218719d30eDf

Robinhood Stock Tokens are live on Morpho Users can now use Stock Tokens as collateral to borrow stablecoins. Any app can integrate credit markets for Stock Tokens, with Morpho as the credit network and Robinhood Chain by @RobinhoodCrypto as the tokenization infrastructure.

$NET is one of the clearest mispricings on Robinhood right now🤯 ~2 months ago, when $NET first hit $600, the treasury was valued below $2M now, $NET’s circulating mcap is roughly 10x below the treasury it holds buyback activity has nearly doubled since october 19, yet $NET is still trading around $160 sometimes the market is just stupid at pricing fundamentals. this is where the opportunity sits everyone will buy at the price they deserve

literally only play on RobinHood that's REALLY worth your attention and the ticker is robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf and I think next RH szn will generate crazy profits here there is no other coin in the market that has: - a $25.9M treasury behind it - price sitting basically ON that treasury - a protocol bid buying and burning under it - non stop shipping team - 89% of supply staked robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf IS TRADING AT ITS OWN BACKING. READ THAT AGAIN > ~$163 of onchain reserves behind every single NET > price sits within a couple percent of it > a standing buyback bid under it at backing minus 1.5%, burning everything it buys At the ATH the treasury was under $2M. Today it's $25.9M everyone will buy at the price they deserve CA: 0xCA9c78Dd337A67F6e0077F65F5E9218719d30eDf